Interest Rates On Hold – May 2024

May 2024 - Interest Rates On Hold - Cash Rate Remains at 4.35%
May 2024 - Interest Rates On Hold

Interest Rates On Hold – Cash rate remains 4.35%

It might not be the rate cut many were predicting at the start of the year, though a rate hold is still welcome news for many borrowers given the uncertainty that has crept back in to inflation figures.

Although annual inflation in the March quarter fell to 3.6%, as we reported in our Property Market Update for May, the signs were already there that rate rises were back on the table.

It might be the fifth consecutive quarter of eased inflation, though it’s still at a level that puts economists on edge.

RBA governor Michele Bullock has warned the “war isn’t won yet“, so we sit tight and wait to see what comes in the future.

If you are wondering what this means for your next property purchase, reach out anytime to discuss.

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